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Knc

KNC: Resistance BreakoutTrade setup : Trends are mixed. Following a Falling Wedge pattern, price has also broken above $0.70 resistance and 200-day moving average to signal a bullish trend reversal, with +25% upside potential to $0.90 next. Stop Loss (SL) level at $0.62 (prior swing low). Pattern : Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Down. Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.55, then $0.45. Nearest Resistance Zone is $0.90.
Long
by altFINS
KNC/USDT It will be bullish momentum if success break the supply💎 Paradisers, KNC is indeed presenting intriguing movements that warrant close observation. 💎 The successful break of the supply zone and transition to the demand area in the lower time frames indicate a potential shift in momentum. 💎 Currently, the price is testing the demand area following a strong rejection at the supply zone, which lies between 0.7 to 0.738. There's a possibility that KNC may attempt to move upward again to break through the supply area. 💎 If successful this time, it could signal a bullish momentum, potentially leading to the achievement of our target. 💎 However, if KNC fails to break above the supply area once more and experiences a strong rejection indicated by a bearish candle, there's a likelihood of a retracement back to the downside. In such a scenario, the price could revisit the demand area, which ranges from 0.620 to 0.58. 💎 KNC must bounce from this demand area, especially considering the presence of a support trendline within it. A breakdown below the support trendline could indicate a bearish trend shift, potentially leading to further downward movement toward the support level around 0.534. 💎 When KNC reaches the support area, it must bounce back and resume its upward trajectory, potentially making another attempt at breaking the resistance. Given KNC's historical behavior of bouncing off key support levels, there's a possibility of a similar scenario playing out, resulting in a return to upward movement. 💎 However, traders should remain vigilant and closely monitor KNC's price action. A breakdown below the demand area, confirmed by a daily candle close below it, would invalidate the bullish scenario and could lead to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
2
KNC/USDT Break out the key level area, Indicating Bullish Moment💎 KNC has indeed made a significant impact in the cryptocurrency market. Currently, KNC has successfully broken out of the key supply zone area. 💎 The potential next step for the price is a retesting phase at the demand level. This breakout is indicative of bullish momentum, suggesting a continuation of the upward movement. There's a probability that KNC will reach our target area. 💎 However, if KNC fails to maintain its position above the demand area and instead breaks down below it, this would indicate a failed breakout scenario. 💎 Such a development could be a negative sign, suggesting a reversal to the downward movement. In this case, the price may revisit the key support area.
by MyCryptoParadise_Nathan
2
KNC will fly soonA triangle has started from where we entered "Start" on the chart. Right now it looks like wave E of the triangle is over or at the end of wave E. There is a supply on the way to the part. By consuming this supply and a downward rejection and then maintaining the green range, it can enter a medium-term bullish phase. KNC will remain bullish while maintaining the green range Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
KNC Bulls Charge: Price Breaks Resistance, Eyes on $2.22Kyber Network (KNCUSDT) is experiencing a bullish breakout . After hovering around $0.80 for a period, after surpassed a key resistance level, signaling a potential surge in price. The first target sits at $1.17 , a level KNC previously struggled to overcome. If this resistance is breached convincingly, the price could skyrocket towards $2.22 and even reach $2.80 by the end of 2024 or early 2025. This bullish momentum could propel KNC to even greater heights. Long-term predictions suggest the token has the potential to revisit its all-time high of $3.60 or even touch $6.00 within the next year or two. Reasons for Optimism Several factors contribute to the bullish sentiment surrounding KNC. The Kyber Network's role in facilitating seamless token liquidity across decentralized exchanges (DEXs) remains valuable. As the DeFi space continues to mature and adoption grows, Kyber Network's services become increasingly crucial. Furthermore, the KNC token itself plays a multifaceted role. It serves not only as a utility token within the Kyber ecosystem but also as a governance token, allowing holders to participate in shaping the network's future. Cautious Optimism Warranted While the current trend appears promising, investors are advised to exercise caution. The cryptocurrency market remains volatile, and unforeseen events can trigger price corrections. However, the recent breakout signifies a significant shift in KNC's momentum. With strong fundamentals and a potential surge in DeFi adoption, Kyber Network appears well-positioned for a prosperous future.
Long
by Z4F4R
KNCUSD full retrace likely before the accummulationKNC lovers probably won't like this analysis but it's time to face the truth. As the bear market continues it is very likely that KNCUSD will do a full retrace before the accummulation phase. If it had to happen the price would drop over 98 % from 2022 highs. Actually it wouldn't be anything an extraordinary as we know altcoins can drop even 99 % in the bear market and some of them go to zero. 0,15 -0,10 $ seems to be a fair price of this project survives the bear market and doesn't go to zero. From there we expect traders and investors to start accumulating KNC. Any bounce probably will be a short lifted and the price eventually will go down. Good luck
K
by vf_investment
20
KNC/USDT Keep an eye! If Breakout is happen potential back to UP💎 KNC has recently demonstrated significant market dynamics. After a period of consolidation, KNC is currently showing signs of upward momentum, aiming to break out of the descending channel. 💎 A successful breakout could signal a shift towards upward movement, probability leading the price to retest the strong resistance area. 💎 However, if KNC fails to break out of the descending channel and faces rejection, the price may retreat to the support area around $0.57 to gather momentum for another attempt. 💎 A concerning scenario arises if KNC breaks below the support area, confirming a downward trend. In this case, the price could continue its descent towards the strong support zone or even establish a new bottom support level.
by MyCryptoParadise
4
KNC/USDT It required Breakout the pattern if want continue UP!💎 The recent market performance of KNC has been garnering attention. KNC has successfully reclaimed its position above a critical support area, creating a bearish trap. 💎 Currently, it is navigating an upward trajectory toward the resistance trendline of a descending channel. For sustained upward momentum, KNC needs to effectively break out of this pattern. A successful breakout from the descending channel could propel KNC significantly upward, potentially leading it to our established strong resistance area. 💎 However, if KNC struggles and fails to break out of this pattern, there's a possibility it may revert to the support area to gather strength for another breakout attempt. In such a scenario, KNC must demonstrate a strong rebound from the support area, maintaining the bullish momentum needed for a successful pattern breakout. 💎 Should KNC exhibit a lackluster response at the support level, characterized by sideway movements and low trading volume, it could indicate a loss of support. Under such circumstances, the probability increases that KNC may descend further, potentially moving toward lower price levels.
by MyCryptoParadise
KNCUSDT's Position in the Demand ZoneKNCUSDT's Breakthrough Bullish Momentum In the landscape of KNCUSDT, a remarkable development takes center stage as it confidently slices through the downtrend trendline. This resolute move sends powerful signals to market participants, underlining a compelling narrative. Positioned at the Demand Zone Further strengthening its case, the asset currently finds its footing at a demand zone, a pivotal area of interest for the bullish forces. This convergence of factors sets the stage for intriguing possibilities. 50% Growth Potential Analyzing the patterns and the previous upward momentum, we unearth the potential for an impressive 50% growth surge. This projection could propel KNCUSDT to new heights, offering a tantalizing opportunity for investors and traders alike. P.S. Trade setups and updates are always posted in our channel
Long
by CryptoPAMM
Volume profile range : 0.82-0.879Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (KNCUSDT chart) The key is whether the price can be maintained by rising above 0.82. (1D chart) To do so, the key is whether it can receive support and rise around 0.760. Since the volume profile section is formed in the 0.82-0.879 section, it is expected that a rapid movement will occur only when it rises above this section. If it falls, you need to check if it is supported around 0.666-0.702. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
KNC/USDT Need to Break key area and Back to support area ??💎 KNC has undeniably garnered our interest, showing potential for an upward surge aimed at overcoming a formidable resistance zone. Currently, KNC is navigating a phase of consolidation, oscillating between support and resistance levels. A successful breach of the significant resistance barrier would be the probabilities are on the side of the bull. 💎 However, failure to shatter this resistance could compel KNC to retreat towards the proximate support level at $0.655, necessitating a resurgence of momentum. Should this scenario unfold, it's imperative for KNC to rally from this support, reattempting an ascent to breach the staunch resistance. Historical trends underscore the robustness of this support zone, which has repeatedly bolstered KNC, preventing further declines. 💎 This juncture is critical for KNC, demanding a rebound to initiate an upward trajectory capable of breaking through the tough resistance. A failure to do so could spell trouble, potentially leading to the breach of the vital support zone. Should KNC falter at this stage, the likelihood increases for a continued descent towards a crucial support threshold, marking a bearish turn for the asset.
by MyCryptoParadise
KNC/USDT Crucial Zone, Break the resistance or Down is coming !💎 KNC is undeniably on our watchlist. After a notable bounce from the demand zone at $0.63, it effortlessly surpassed the supply at $0.68. Currently, KNC is navigating through the subsequent supply zone, inching closer to a key resistance point. Should KNC face a rejection at this supply, it might retrace to the nearby demand at the $0.68 mark, which previously acted as a supply. 💎 However, if KNC manages to breach the resistance swiftly, we can anticipate a significant bullish rally, potentially targeting the Bearish OB and the robust supply zone. 💎 On the flip side, if KNC struggles to maintain its stance in the demand zone during a retest, there's a heightened possibility of it breaking below. In such a scenario, KNC might gravitate towards the Bullish OB zone. This area is pivotal for KNC; holding firm here is crucial. Failing to do so could lead KNC on a steeper descent towards the strong support zone.
by MyCryptoParadise_Nathan
2